WSU Audit Update Blog

In its 2018 Report to the Nations, the Association of Certified Fraud Examiners reports that in 85% of cases, fraudsters displayed at least one behavioral red flag. In 50% of cases, fraudsters displayed multiple red flags. What are the top 10 red flags of fraud?

A community college says a longtime employee embezzled at least $5.4 million over of a decade. How can this happen? The adage "trust is not an internal control" certainly applies here.

Multiple articles about the college admissions scandal cited it as a "textbook example" of the fraud triangle. Here's one that uses the triangle to look inside the minds of those involved.

The college admissions scandal prompted multiple articles where the motivations of those involved illustrated the fraud elements of opportunity, pressure, and rationalization. When you know about the fraud triangle, you're more mindful of the risk of fraud so you can better carry out your oversight responsibilities.

Technology has advanced the means to forge or alter images and documents. This history of deepfakes reminds us that efforts to deceive are nothing new.

Austin Kleon quotes John Cleese to explain how everyone can be more creative if they learn the way of operating, including those in supposed "non-creative" professions.

Daemen College President  Gary Olson  explains how being a "rule monger," rather than "compassionate" or "nice," is essential to avoiding chaos and injustice. Rules and deadlines provide necessary safeguards and equitable treatment for all.

What would be an easy to remember elevator speech for internal audit? I recently posed that question to the Regents Fiscal Affairs and Audit Committee.

My search feed generates a fair number of audit-related items. One stood out as both useful and interesting in its description of internal audit.

Austin Kleon, a self-described writer who draws, shares three reasons for sharing your work with others and explains how the process of sharing provides a feedback loop for more sharing and learning.